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Uzbekistan and Canada are considering opportunities for expanding cooperation

On June 1 this year, Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan S. Umurzakov received the Ambassador Extraordinary and Plenipotentiary of Canada to the Republic of Uzbekistan E. Leclerc.

The conversation made it possible to discuss the most pressing issues of bilateral cooperation in the political, investment, trade and economic spheres.

It was noted that in many areas of interaction there is significant untapped potential, in connection with which the parties developed mechanisms for intensifying cooperation and outlined specific tasks for the near and medium-term.

Thus, in particular, measures were considered to attract Canadian financial and industrial companies to invest and implement projects in Uzbekistan. There are good prospects for Canadian business in the mining, chemical, petrochemical and textile industries, as well as in agriculture in Uzbekistan.

No less attention was paid to the development of mutual trade. It was emphasized that in 2021 the Uzbek-Canadian trade increased by 40 percent, in connection with which the parties agreed to develop specific proposals for diversifying and increasing mutual supplies.

In this context, the prospects for holding the Uzbek-Canadian business forum this year, as well as the Made in Uzbekistan and Made in Canada industry exhibitions in both countries, were discussed.

During the conversation, the parties also discussed the progress of work on Uzbekistan’s entry into the World Trade Organization, the participation of the Canadian side in the implementation of projects and programs within the framework of the activities of the UN Multi-Partner Trust Fund for Human Security for the Aral Sea region, issues of establishing close ties and mutually beneficial cooperation between the regions of the two countries, in particular, between the Tashkent region and the province of Ontario, the Navoi region and the province of Quebec, as well as the Kashkadarya region and the province of Alberta.


Source: mift.uz